Posted by John(NH) on November 23, 1998 at 15:05:13:
Well first, the security deposits are small, if any.
Second, interest on the security deposits probably
wouldn’t break double digits. I’m more intersted
in the 3-star program that Jeffrey Taylor recommends
as it has much more incentive for a resident to
pay on time, in full, and keep his place in good
condition…
-John
Mr. Landlord’s 3-Star Program - Posted by John(NH)
Posted by John(NH) on November 23, 1998 at 11:51:36:
For those of you familiar with Jeffrey Taylor (Mr Landlord),
has anyone implemented his 3-star program idea? I am
considering it and wanted to hear from others that might
already be down that road. It consists of ‘rewarding’
tenants who pay on time and in full once a year. Simple
rewards like gift certificates, some upgrades, etc.
Just wondering if anyone had any stories out there.
-John
Re: Mr. Landlord’s 3-Star Program - Posted by Dan (NC)
Posted by Dan (NC) on November 24, 1998 at 13:17:54:
We’ve been using it for four years, and it’s great. The tenants like it (they’ve never had a landlord that treats them like a client instead of a suspect)and it keeps them long term. It costs almost nothing, especially compared to replacing tenants. We give them a choice between a professional carpet cleaning and a whole house cleaning once a year. Both cost us about $125. Give it a try. And if you’ve never heard Jeffrey Taylor speak, don’t miss the Dallas convention. He’s a fountain of ideas and entertaining to boot.
Re: See post below… - Posted by Mr Donald
Posted by Mr Donald on November 23, 1998 at 13:47:54:
Titled “Holiday gifts? Annual Interest at Xmas!” for one easy way to do it.